For the Santa Barbara Real Estate area of West of State St for the first 6 months of ’07 in the Single Family Home market 97 homes closed escrow with a median sold price of $1,015,000 and an average sold price of $1,176,366. 191 homes came on the market with a median asking price of $1,149,000 and an average asking price of $1,253,488. Also for that period 117 properties went into escrow, 15 were withdrawn from the market, 48 listings cancelled, 35 expired and 27 came back on the market. Currently there are 94 homes for sale in the area with a median list price of $1,110,000 and an average list price of $1,237,243.
For the Santa Barbara Real Estate area of West of State St for the first six months of ’07 in the Condo market 40 condos closed escrow with a median sold price of $642,500 and an average sold price of $673,381. 87 condos came on the market with a median asking price of $680,000 and an average asking price of $801,433. Also for that period 48 properties went into escrow, 15 were withdrawn from the market, 19 listings cancelled, 30 expired and 23 came back on the market. Currently there are 51 condos for sale in the area with a median list price of $697,000 and an average list price of $848,184.